Lagarde warns of widening climate finance gap
“We must adapt and become more resilient” in a fair and equitable manner, says ECB president
There is an 18-fold difference between what is needed and what is planned to finance the green transition, Christine Lagarde wrote in a blogpost today (November 12).
The European Central Bank (ECB) president noted that governments would need help from the private sector to finance the transition. She added that although the agreement on the “Loss and Damage Fund” two years ago at the UN’s COP27 climate change conference was a “welcome step”, more developed countries should increase their
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